Utusan Melayu (Malaysia) Bhd - Announcements

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Notes T O T HE A CCOUNTS for the year ended 31 December 1999 14. FIXED ASSETS (CONT’D.) ASSETS ACQUIRED UNDER FINANCE LEASE AND HIRE-PURCHASE AGREEMENTS The value of fixed assets of the Group and the Company includes the following assets acquired under finance lease and hire-purchase agreements:- Accumulated Net book Cost depreciation value RM RM RM The Group 1999 Plant and machinery and motor vehicles 10,573,051 2,887,800 7,685,251 Office equipment, furniture and fittings 3,650,012 3,108,413 541,599 1998 Plant and machinery and motor vehicles 10,590,469 2,272,265 8,318,204 Office equipment, furniture and fittings 4,706,356 2,979,538 1,726,818 The Company 1999 Plant and machinery and motor vehicles 1,599,854 733,966 865,888 Office equipment, furniture and fittings 1,417,718 1,077,573 340,145 1998 Plant and machinery and motor vehicles 1,210,841 470,548 740,293 Office equipment, furniture and fittings 1,004,782 797,324 207,458 (a) The long term leasehold land has unexpired period of more than 50 years. (b) The land and buildings and plant and machinery stated at valuation were revalued on 22 July 1986 by the Directors based on professional valuation carried out by an independent firm of valuers on the fair market value basis for land and buildings and on replacement cost basis for plant and machinery. (c) Included in capital work-in-progress of the Group and the Company is interest costs capitalised during the year of RM1,369,223 (1998: RM2,345,819). (d) Certain fixed assets of the Group and the Company have been pledged for the term loans and revolving underwriting facility obtained. 56 Utusan Melayu (Malaysia) Berhad
Notes T O T HE A CCOUNTS for the year ended 31 December 1999 14. FIXED ASSETS (CONT’D.) ASSETS ACQUIRED UNDER FINANCE LEASE AND HIRE-PURCHASE AGREEMENTS (CONT’D.) (e) The net book values of revalued fixed assets of the Group and the Company that would have been included in the accounts had these assets been carried at cost less depreciation are as follows:- The Group The Company 1999 1998 1999 1998 RM RM RM RM Freehold land and buildings 242,682 250,772 242,682 250,772 Long term leasehold land and buildings 3,804,514 3,994,739 3,804,514 3,994,739 Short term leasehold land and buildings 3,420,391 3,534,404 3,420,391 3,534,404 15. SUBSIDIARY COMPANIES The Company 1999 1998 RM RM Unquoted shares, at cost 29,182,298 28,642,298 Less: Provision for diminution in value (1,772,286) (1,512,286) 27,410,012 27,130,012 Add: Amount owing by subsidiary companies 76,219,728 65,875,766 Less: Amount owing to subsidiary companies (18,169,696) (19,718,992) 85,460,044 73,286,786 Utusan Melayu (Malaysia) Berhad 57
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UTUSAN MELAYU (MALAYSIA) BERHAD 717
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C o r p o r a t e M i s s i o n •
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8. To transact any other ordinary b
Page 8 and 9: Corporate I NFORMATION BOARD OF DIR
Page 10 and 11: Senior M ANAGEMENT Tan Sri Kamarul
Page 13 and 14: Royal Code Of Conduct The Taj al-Sa
Page 15 and 16: AUTHORITY The Committee is authoris
Page 17: CONSOLIDATED PROFIT AND LOSS ACCOUN
Page 20 and 21: Chairman’s S TATEMENT Dear Shareh
Page 22 and 23: Chairman’s S TATEMENT Our Adverti
Page 24 and 25: Chairman’s S TATEMENT A new chapt
Page 26 and 27: Chairman’s S TATEMENT In the othe
Page 28 and 29: Corporate C ALENDAR 1 4 February 19
Page 31 and 32: Sentiments and Sensitivity of Love
Page 33 and 34: Directors’ R EPORT for the year e
Page 35 and 36: Directors’ R EPORT for the year e
Page 37 and 38: Consolidated P ROFIT A ND L OSS A C
Page 39 and 40: Profit A ND L OSS A CCOUNT for the
Page 41 and 42: Consolidated C ASH F LOW S TATEMENT
Page 43 and 44: Notes T O T HE A CCOUNTS for the ye
Page 57: Notes T O T HE A CCOUNTS for the ye
Page 69 and 70: List O F P ROPERTIES as at 31 Decem
Page 71 and 72: List O F P ROPERTIES as at 31 Decem
Page 73 and 74: I/We of being a member/members of U
Page 75: Azizi Meor Ngah 36, Jalan Jelutong
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Utusan Melayu (Malaysia) Bhd - Announcements

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